Who will replace Federal Reserve Chair Jerome Powell? A look at the 5 finalists

President Trump has identified five finalists to succeed Jerome Powell as Chair of the Federal Reserve. Below is an overview of each candidate.

The Five Finalists

Candidate 1: A seasoned figure with a strong background in economic policy and Federal Reserve experience. Known for a cautious approach to monetary policy, emphasizing inflation control.
Candidate 2: Recognized for expertise in financial regulation, with a reputation for support of market-friendly reforms and innovation in fintech.
Candidate 3: An academic with a deep understanding of macroeconomics and monetary theory, often advocating for clear communication and transparency in Fed actions.
Candidate 4: A former central banker with international experience, focused on balancing economic growth with financial stability and risk management.
Candidate 5: A business leader turned policymaker praised for practical economic insights and ability to navigate complex financial systems.

“Selecting the right leader for the Fed is crucial for maintaining economic stability and confidence,” said President Trump.

Considerations for the Choice

The decision on who will lead the Federal Reserve next involves assessing each candidate's stance on interest rates, inflation management, and regulatory policies. Stability in financial markets and economic growth are key priorities.

Author's Summary

The selection of Jerome Powell's successor will shape U.S. monetary policy at a critical time, with candidates bringing diverse expertise that could steer the economy in different directions.

Yahoo Finance — 2025-11-29